Negotiations between the Caisse des dépôts, which was to provide fresh money, and the creditors failed.
Almost a year to the day after the start of the “Orpea affair”, there is total uncertainty regarding the future of Orpea. The company, which was thrown into turmoil following the publication of the book The Gravediggers, struggle for a year for its survival, weighed down by 9.5 billion euros in debt. The company, which has been the subject of a conciliation procedure since the end of October, has one month left to find a financial agreement with its creditors and shareholders. Otherwise, it will be placed in backup.
Orpea placed itself under legal protection for the first time last May, which enabled it to reach an agreement with its banks in record time. But it was not enough. Orpea, “exposed to a risk of lack of liquidity during the first quarter of 2023in his words, is forced to renegotiate his debt. The plan provides for a capital conversion of part of its debt (3.8 billion euros) and a capital increase (1.3 to 1.5 million euros)…
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